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Stopping Wall Street From Competing With Main Street Homebuyers Act
To amend the Investment Company Act of 1940 to prohibit certain large private funds and registered investment companies from purchasing single family homes.
Summary
This bill prohibits large investment funds, including registered investment companies, real estate investment trusts, and private funds with over $500 million in assets, from purchasing single-family homes beginning 90 days after enactment. The bill also applies to any investment fund that owned 100 or more single-family homes or purchased more than 5 single-family homes in any 30-day period during the prior year. Investment funds that currently hold single-family homes must divest of their holdings over a 10-year period, with a requirement to sell at least 10 percent annually. The restrictions apply to single-family homes and mobile homes containing one family housing unit.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
Money behind the sponsor
Top reported contributors to Anna Paulina Luna’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- RED APPLE GROUP $14,652
- ULINE $13,200
- BRODIE GENERATIONAL CAPITAL PARTNERS $13,200
- SAULSBURY INDUSTRIES $9,900
- INTERACTIVE BROKERS $9,900
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Anna Paulina Luna → · Outside spending →
Actions (2)
- Jan 22, 2026 Referred to the House Committee on Financial Services. · house
- Jan 22, 2026 Introduced in House
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Full text
IN THE HOUSE OF REPRESENTATIVES
January 22, 2026
Mrs. Luna introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To amend the Investment Company Act of 1940 to prohibit certain large private funds and registered investment companies from purchasing single family homes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Stopping Wall Street From Competing With Main Street Homebuyers Act”.
SEC. 2. RESTRICTIONS ON PURCHASING SINGLE FAMILY HOMES.
The Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) is amended by inserting after section 12 the following:
“SEC. 12A. RESTRICTIONS ON PURCHASING SINGLE FAMILY HOMES.
“(a) In General.—Beginning on the date that is 90 days after the date of the enactment of this section, a covered fund may not purchase a single family home.
“(b) Divestment Required.—
“(1) In general.—Not later than 10 years after the date of the enactment of this section, a covered fund may not hold (including through a subsidiary or parent company) any single family homes.
“(2) Phased divestment.—In the case of a covered fund that holds single family homes on the date of the enactment of this section, such fund shall, annually for the 10-year period following such date of enactment, divest of at least 10 percent of such single family homes.
“(c) Definitions.—In this section:
“(1) Covered fund.—The term ‘covered fund’ means a registered investment company, real estate investment trust, or private fund—
“(A) with more than $500,000,000 in assets under management; or
“(B) that, during the 1-year period before the date of the enactment of this section—
“(i) owned 100 or more single-family homes in the United States; or
“(ii) purchased more than 5 single-family homes in the United States in a 30-day period.
“(2) Private fund.—The term ‘private fund’ means an issuer that would be an investment company, but for paragraph
(1) or (7) of section 3(c).
“(3) Single family home.—The term ‘single family home’ means a residential structure or mobile home which contains one family housing unit.”. <all>
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